SALAD SIGNATURE acquired by IK PARTNERS
Context
IK Investment Partners has agreed to acquire Salad Signature from AAC Capital. The company generated revenue of EUR176 million in 2015. This Secondary LBO facilitates the exit of AAC Capital, which had built the group through the merger of Johma and Hamal. IK's strategy is to support the management team in expanding beyond the core Benelux market into France, Scandinavia, the UK, and Germany, both organically and through add-on acquisitions.
SALAD SIGNATURE, which reported an EBITDA margin of in 2015, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the AgriFood sector (10.7x).
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Target
Salad Signature is a leading branded food franchise in the fresh categories of spreads, dips and salads, selling its products both through private labels and its own brands. The Company s core markets are the Netherlands and Belgium, with an emerging international presence in France, Scandinavia, UK, Germany, and Poland.
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| 03/2016 | REFRESCO | DIS | NETHERLANDS | Beverages |
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| 10/2015 | ARDIAN | SOLINA GROUP | FRANCE | Ingredients |
| 07/2015 | GRUPO BIMBO | PANRICO | SPAIN | Food Products |
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| 06/2015 | TA ASSOCIATES | HANA GROUP | FRANCE | Food Products |
| 05/2015 | SOLINA GROUP | PAULIG GROUP - Corporate FLAVORING DIVISION | FINLAND | Ingredients |
| 04/2015 | PAMPLONA CAPITAL MANAGEMENT | PARTNER IN PET FOOD (PPF) | HUNGARY | Petfood |
REFERENCES
Revenue range: 100M - 200M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Target: salad signature
Acquirer: ik partners